Bank of England (BoE) Governor Mark Carney will make his first public speech on Wednesday and analysts expect him to try and persuade businesses that interest rates will remain low for the foreseeable future.

Falling demand from China will likely cause an oversupply in the copper market by the end of this year and could weigh on prices for the metal until 2016, the CEO of copper miner Antofagasta told CNBC on Tuesday.

Italy's FTSE MIB traded down 2.5 percent on Monday after members of Berlusconi's center-right People of Freedom (PDL) party threatened over the weekend to bring down Prime Minister Enrico Letta's government.

Members of Silvio Berlusconi's center-right party on Sunday openly warned they would bring down the government if their center-left coalition allies voted next month to expel the former prime minister from parliament.

A housing crash, rising unemployment and weak growth leaves the AAA-rated Netherlands teetering on the brink of a credit downgrade. But analysts said more is at risk than the country's perfect credit rating.